EXPRO NORTH SEA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-15 (in 2mo)
Last made up 2025-07-01
Watchouts
None on the register
Cash
£5M
USD 7,118,000
-74.9% vs 2023
Net assets
£134M
USD 179,329,000
+15% vs 2023
Employees
952
+3.7% vs 2023
Profit before tax
£23M
USD 30,364,000
+200.6% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £131,427,076 | £191,794,124 | |
| Operating profit | -£20,393,960 | £24,017,343 | |
| Profit before tax | -£22,573,073 | £22,698,662 | |
| Net profit | -£23,184,571 | £21,993,721 | |
| Cash | £21,212,529 | £5,321,073 | |
| Total assets less current liabilities | £135,371,159 | £152,905,734 | |
| Net assets | £116,606,863 | £134,057,711 | |
| Equity | £116,606,863 | £134,057,711 | |
| Average employees | 918 | 952 | |
| Wages | £53,890,259 | £63,028,332 | |
| Directors' remuneration | £434,328 | £284,070 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+45.9%
£131,427,076 £191,794,124
-
Cash
-74.9%
£21,212,529 £5,321,073
-
Net assets
+15%
£116,606,863 £134,057,711
-
Employees
+3.7%
918 952
-
Operating profit
+217.8%
-£20,393,960 £24,017,343
-
Profit before tax
+200.6%
-£22,573,073 £22,698,662
-
Wages
+17%
£53,890,259 £63,028,332
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -15.5% | 12.5% | |
| Net margin | -17.6% | 11.5% | |
| Return on capital employed | -15.1% | 15.7% | |
| Gearing (liabilities / total assets) | 48.8% | 34.8% | |
| Current ratio | 0.90x | 1.33x | |
| Interest cover | -9.36x | 18.21x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- EXPRO NORTH SEA LIMITED 1994-09-30 → present
- EXPLORATION & PRODUCTION SERVICES (NORTH SEA) LIMITED 1973-04-12 → 1994-09-30
Audit & accounting basis
- Accounting basis
- FRS 101 "Reduced Disclosure Framework"
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have considered the future operating profits, cash flows and facilities available and concluded that the Company has considerable financial resources, along with access to a Revolving Credit Facility if needed and is well placed to manage its business risks successfully. The Directors of the Company are satisfied that EGHNV has the ability to provide this support, should it be required and that the Company will have continued access to the cash pooling arrangement within the Group. Given the continued parental support, the Directors deem it appropriate to prepare the financial statements on the going concern basis.”
Group structure
- EXPRO NORTH SEA LIMITED · parent
- Expro Support Service Private Ltd 100%
- Expro Oilfields India Private Ltd 100%
Significant events
- “In April 2025, following the conclusion of arbitration proceedings, the Company received insurance proceeds of $5,000,000 relating to LWI assets that were damaged in the prior year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 39 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELEY, Sarah Louise | Secretary | 2019-07-11 | — | — |
| FARLEY, Iain David | Director | 2023-05-05 | Apr 1970 | British |
| MCALISTER, Lewis John Woodburn | Director | 2006-07-06 | May 1966 | British |
Show 39 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AINGER, Colin Peter | Secretary | 1997-10-24 | 1999-08-02 |
| COX, Melanie Rachel | Secretary | 2008-01-23 | 2014-11-03 |
| DAND, Anthony Michael | Secretary | 1999-08-02 | 2006-11-28 |
| MCALISTER, Lewis John Woodburn | Secretary | 2006-11-28 | 2008-01-23 |
| O'CONNELL, Clare | Secretary | 2014-11-04 | 2019-07-11 |
| SCOTT, Sandra | Secretary | 1996-11-04 | 1997-10-24 |
| WALTON, John | Secretary | 1991-05-14 | 1996-11-04 |
| AINGER, Colin Peter | Director | 1991-05-14 | 2006-07-06 |
| ASHTON, Nigel Andrew | Director | 1995-09-01 | 2001-04-02 |
| ASHTON, Simon John | Director | 1995-09-01 | 1996-11-04 |
| AWARA, Abdalla Zakaria | Director | 2008-07-09 | 2010-02-26 |
| COLLIS, Mark Russell | Director | 2011-01-26 | 2012-06-19 |
| COUTTS, Graeme Forbes | Director | 1995-09-01 | 2011-07-31 |
| CRUMP, Mark Leslie | Director | 2010-01-04 | 2011-01-26 |
| DAWSON, John Hennessey | Director | — | 2003-09-30 |
| DODDS, Alex | Director | 1998-08-01 | 2000-05-30 |
| EDWARDS, Jeffrey Charles | Director | 1997-01-17 | 2001-06-04 |
| FERGUSON, Stuart Edward | Director | 2000-11-09 | 2001-02-23 |
| GEDDES, Alistair George Sinclair | Director | 2012-10-02 | 2023-03-31 |
| HENDERSON, Jeremy Neil | Director | 1994-09-19 | 1997-06-10 |
| HUNTER, Alexander | Director | 1994-09-19 | 1996-12-05 |
| KITCHENER, Antony Mark | Director | 1996-11-04 | 2001-07-03 |
| MACKENZIE, Colin James | Director | 2020-06-03 | 2023-05-05 |
| MAIR, Robin Barclay | Director | 2007-10-09 | 2012-05-08 |
| MARTINDALE, Michael John | Director | 1996-03-15 | 2006-12-29 |
| MAWTUS, Christopher Donald | Director | 2005-11-01 | 2011-07-01 |
| NEILL, Francis James | Director | 2002-12-06 | 2007-07-16 |
| PALMER, Keith John | Director | 2011-02-01 | 2015-01-09 |
| PRISE, Gavin Jonathan | Director | 2001-04-02 | 2010-02-18 |
| ROBB, Ian James | Director | 2012-01-09 | 2020-03-31 |
| ROBB, Ian James | Director | 2010-05-11 | 2011-01-28 |
| RODGER, Lorraine Margaret | Director | 2001-06-19 | 2010-06-04 |
| SIMS, Neil Ronald | Director | 2015-01-09 | 2020-06-03 |
| SPEAKMAN, Michael James | Director | 2004-03-01 | 2012-04-05 |
| TORRINGTON, Timothy Howard St George, The Viscount | Director | — | 1992-07-29 |
| WILKINS, Ian Clive | Director | — | 1996-03-29 |
| WILLIAMS, Glynn Richard | Director | 1993-09-15 | 1995-06-13 |
| WOODBURN, Charles Nicholas | Director | 2010-11-25 | 2016-03-31 |
| WOOLLEY, Eric Rhys | Director | 1997-06-10 | 2003-10-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Exploration And Production Services (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 254 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-07-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-07-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-16 | AA | accounts | Accounts with accounts type full | |
| 2024-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-13 | AA | accounts | Accounts with accounts type full | |
| 2023-07-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-06 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-07-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-10-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-08-19 | AA | accounts | Accounts with accounts type full | |
| 2021-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-20 | CH01 | officers | Change person director company with change date | |
| 2020-09-22 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.